IQ-Ludorum plc
Consolidated Profit and Loss Account
 
 
 Period Period Year end
 6 months to 6 months to 31 December
  30 June 2003 30 June 2002 2002
 Unaudited Unaudited Unaudited
 Note $000 $000 $000
 
Turnover 2 2,077 2,860 5,878
 
Operating expenses 
 ----------- ----------- -----------
Software development and support
expenditure  1,222 2,558 4,299
Sales and marketing expenses 392 646 1,049
Other operating expenses 1,228 2,686 4,552
Exceptional items  3 84 800 1,359
Depreciation and amortisation 443 1,101 2,104
 ----------- ----------- -----------
  3,369 7,791 13,363
 
 ----------- ----------- -----------
Operating loss (1,292) (4,931) (7,485)
 
Loss on disposal of fixed assets 3 427 - -
Interest receivable - 31 38
 
 ----------- ----------- -----------
Loss on ordinary activities
before taxation (1,719) (4,900) (7,447)
 
Taxation - - 21
 
 -----------  ----------- -----------
Loss on ordinary activities
after (1,719) (4,900) (7,468)
taxation
 =========== =========== ===========
 
Loss per share
 
Basic 4 ($0.02) ($0.06) ($0.09)
Adjusted 4 ($0.02) ($0.05) ($0.07)
 
 
 
IQ-Ludorum plc
Consolidated Balance Sheet
 
  As at As at As at
 30 June 2003 30 June 2002 31 December
 2002
  Unaudited Unaudited Audited
 $000 $000 $000
 
Fixed Assets
Intangible assets - 1,365 141
Tangible assets  566 1,473 1,264
 ----------- ----------- -----------
 566 2,838 1,405
Current assets
Debtors  674 1,597 1,005
Investments - 1,366 22
Cash at bank & in hand 244 925 804
  ----------- ----------- -----------
 918 3,888 1,831
 
Creditors: amounts falling due
within one year (1,572) (2,527) (1,605)
 
Net current assets /
(liabilities) (654) 1,361 226
 
 ----------- ----------- -----------
Total assets less current
liabilities  (88) 4,199 1,631
 =========== =========== ===========
 
Capital and Reserves
Called up share capital 6,059 6,059  6,059
Warrants 152 152 152
Share premium account 18,886 18,886 18,886
Merger reserve (4,500) (4,500)  (4,500)
Profit and loss account (20,685) (16,398) (18,966)
 
 ----------- ----------- -----------
Shareholders' funds - equity (88) 4,199  1,631
 =========== =========== ===========
 
 
 
 
 
IQ-Ludorum plc
Consolidated Cash Flow Statement
 
 Period Period Year end
  6 months to 6 months to 31 December
 30 June 2003 30 June 2002 2002
 Unaudited Unaudited Audited
  $000 $000 $000
 
Net cash outflow from operating
activities (558) (3,207) (5,128)
 
Returns on investments and servicing of
finance
Interest received  - 31 404
 
Taxation
UK Corporation tax - - -
Overseas tax - - (53)
 
Capital expenditure and financial
instruments
Purchase of tangible fixed assets (24) (315) (889)
Sale of fixed assets - 14 -
 
Acquisitions and disposals  - - (1,021)
 
Management of liquid resources 22 3,208 6,990
 
 ----------- ----------- -----------
(Decrease) / Increase in cash  (560) (269) 303
 =========== =========== ===========